Green & Gold issues shares for Burlington acquisition as Queensland projects advance

An update from Green & Gold Minerals Limited ( (AU:GG1) ) is now available.

Green & Gold Minerals has issued 2,250,000 fully paid ordinary shares as consideration for the acquisition of Burlington Mining Pty Ltd, and has lodged a cleansing notice confirming the shares were issued without a prospectus while maintaining compliance with continuous disclosure and financial reporting obligations. The company states there is no excluded information that must be disclosed under the Corporations Act, implying the Burlington acquisition and associated share issue proceed within the existing regulatory framework as it continues to advance its Chillagoe and Herberton projects in Queensland.

The Chillagoe Gold Project, located near the Red Dome and Mungana deposits, contains an inferred gold and silver resource at Wandoo, where recent drilling has returned strong results and the deposit remains open along strike and at depth. Green & Gold is simultaneously working to grow this resource for future mining studies and pursuing new discoveries in the Mungana porphyry cluster, while at Herberton it aims to replicate neighbours’ recent large discoveries across a metal suite aligned with long-term electrification trends.

More about Green & Gold Minerals Limited

Green & Gold Minerals Limited is an Australian exploration company focused on gold and base metals in north Queensland, with key assets including the Chillagoe Gold Project and the Herberton Mineral Field Project. The Chillagoe project hosts an inferred JORC resource of gold and silver at Wandoo near the Red Dome and Mungana deposits, while Herberton targets copper, silver, tin and indium in a historically prolific but underexplored district leveraged to electrification and data-centre metal demand.

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